On January 8th, the GALA coin price gave a massive breakout from the falling wedge pattern. This pattern displaces itself as two converging trendlines leading a downtrend until the prices break the overhead trendline. Thus, a bullish breakout could be the early sign that the selling on rallies phase has flipped into buying on dips. The post-breakout rally surged the Gala price 55% higher to reach the current price of $0.05. Will it recover ahead?
Key points:
A bullish breakout from the $0.0455-$0.0475 resistance will set the GALA price for a 15% jump
The 20-and-100-day EMA on the verge of bullish crossover may encourage bolster in the market
The intraday trading volume in the GALA is $157.5 Million indicating a 447% gain.
Source- Tradingview
The release of December’s CPI data indicates the easing of US inflation which bolstered the ongoing recovery in the crypto market. Thus, with the recent recovery rally, the Gala price breached the monthly resistance of $0.0467. This breakout wi
We współpracy z: https://coingape.com/markets/fast-recovering-gala-price-halts-at-0-05-mark-has-the-recovery-phase-ended/
